02016cas a2200265 a 4500 AALejournalIMF013649 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484318256 1018-5941 BD-DhAAL BD-DhAAL Samake, Issouf. Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries : The Case of Cameroon / Issouf Samake, Priscilla Muthoora, Bruno Versailles. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on the path of key fiscal indicators, such as the non-oil primary deficit and public debt. Policy scenarios show that Cameroon's large infrastructural needs and relatively low current debt levels could justify a temporary deviation from traditional policy advice that suggests saving part of the oil revenue to smooth expenditure over time. Model simulations show that a relatively high degree of efficiency of public investment is needed for scaled-up public investment to make a significant contribution to growth, while maintaining fiscal sustainability. Mode of access: Internet Muthoora, Priscilla. Versailles, Bruno. IMF Working Papers; Working Paper ; No. 2013/144 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/144/001.2013.issue-144-en.xml IMF e-Library